India now has 284 billionaires, 13 more than last year, maintaining its position as the third-largest dollar-billionaire hub globally, after the US and China. IMAGE: Roshni Nadar Malhotra, Chairperson HCL Technologies. Photograph: ANI Photo Roshni Nadar, chairperson of information
Total 75 bps reduction likely in FY26. Photograph: Francis Mascarenhas/Reuters The RBI’s monetary policy committee is expected cut benchmark interest rate by 25 basis points in its policy review meeting next month to push growth, India Ratings and Research (Ind-Ra)
The cumulative wealth of 284 Indian billionaires is a third of the country’s GDP, a report said on Thursday. Photograph: ANI Photo Gautam Adani, who helms the conglomerate headquartered in Gujarat’s Ahmedabad, has emerged as the biggest wealth gainer globally
Venture capital (VC) and private equity (PE) funds had, in 2024, taken bets on traditional businesses rather than tech-first domains like consumer tech, software as a service (SaaS) and software. According to data from Bain & Co, Pitchbook, Venture Intelligence,
Expects to raise $100 bn in tax revenues. Photograph: Mike Blake/Reuters In a significant policy announcement from the Oval Office, President Donald Trump has declared a 25 per cent tariff on all imported vehicles entering the United States, a move
The Indian industry is paranoid about the USA’s plan to impose reciprocal tariffs and wants early conclusion of a bilateral trade agreement, sources said on Wednesday. Photograph: Wolfgang Rattay/Reuters They said that the talks for the proposed bilateral trade agreement
Benchmark stock indices Sensex and Nifty halted their seven-day winning run and closed down by nearly 1 per cent on Wednesday due to profit-taking in banking and IT shares. Photograph: Arko Datta/Reuters The 30-share BSE Sensex tanked 728.69 points or
Godrej Consumer Products (GCPL) had a disappointing third quarter (Q3FY25) with flat volumes (after 7 per cent growth H1FY25). Price hikes will be required to maintain margins to offset the cost of palm oil inflation. However, some analysts see Q3
Senior officials of India and the US will begin three-day talks on the proposed bilateral trade agreement in New Delhi on Wednesday amid threats of reciprocal tariffs from the Trump-administration, an official said. Photograph: Mike Blake/Reuters To formally start the
The government has decided to discontinue the Gold Monetisation Scheme (GMS) starting from Wednesday in view of the evolving market conditions, the finance ministry said. Photograph: Edgar Su/Reuters However, the banks may continue their short term gold deposit schemes (1-3
